Title
PUBLIC HEARING - PROPOSED L.I.D. NO. 352
CONSTRUCT BEECH STREET IMPROVEMENTS FROM OREGON WAY TO CALIFORNIA WAY
COUNCIL STRATEGIC INITIATIVE ADDRESSED:
Improve transportation system, enhance public safety & emergency response, strengthen economic conditions & create new opportunities.
CITY ATTORNEY REVIEW: N/A
SUMMARY STATEMENT:
A petition representing 73% of the area within the proposed district was received and certified by the Engineering Division, requesting the formation of a Local Improvement District (L.I.D.) for the purpose of constructing a new roadway on Beech Street from Oregon Way to California Way. On June 14, 2018, the City Council accepted the petition, and set a public hearing for the July 12th city council meeting.
By law, all property owners of record must be invited to a hearing, after which, if the petition is still sufficient, the City Council may proceed to form the requested L.I.D. Such notices of public hearing have been sent by certified mail. The petition is currently on file with the City Clerk.
FINANCIAL SUMMARY:
The total project cost is estimated to be $4,430,000 and the total available assessment is estimated to be $3,699,232. To reduce the property owner assessments and cover the funding gap, the City will use $575,000 in Cowlitz Rural Public Facilities Grant funds. The City has also applied for a federal Economic Development Administration (EDA) grant and the City’s proposal meets the minimum eligibility criteria. The EDA considers the project is worth funding and requested the City complete phase two of the application process to be eligible for project selection and award of additional funding.
RECOMMENDED ACTION:
Conduct public hearing
AND
Motion directing the City Attorney to prepare an ordinance to create L.I.D. No. 352.
STAFF CONTACT:
Jeff Cameron, Public Works Director